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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Hotels
367 Periwinkle Way Sanibel, FL 33957-7431
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4331187
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,475 SF
Lot
0.26 ac (11,151 SF)
APN
21-46-23-T1-00004.0040
UPID
US18-4331187
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tarpon Tale Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Tarpon Tale Inn LLC · 4 yrs held
Tarpon Tale Inn LLC
since 2021
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+30.9%
Commercial (general)
$2.2M
+15.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sanibel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanibel submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,235,000
ML approach
$3,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,450,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,160,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.30M (Dec 10 2021)
Last sale anchor
$3.30M
Dec 10 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$947 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,466
Tax year 2023
Assessed value
$352,716
Assessed 2023
Previous assessed
$2,070,283
-83.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$352,706
Assessed improvement
$10
Land market value
$352,706
Improvement market value
$10
Total market value
$352,716
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
3,475 SF
Lot
0.26 ac (11,151 SF)
APN
21-46-23-T1-00004.0040
UPID
US18-4331187
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Tarpon Tale Inn LLC
Entity
Mailing address
367 PERIWINKLE WAY, SANIBEL, FL 33957-7431
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$3,300,000
Tarpon Tale Inn LLC
Tarpon Tale LLC
Warranty Deed
$1,650,650 · Bank Of New Hampshire
Jan 18, 2013
$885,000
Tarpon Tale LLC
Ramsey Properties LLC
Warranty Deed
$663,750 · Sanibel Captiva Community Bank
Jul 3, 2000
$1,331,000
Ramsey Properties LLC
Brennan,carlene F & Terry
Grant Deed
$1,071,000 · Edison National Bank
—
—
Ramsey Properties LLC
—
Deed Of Trust
related
$250,312 · Edison National Bank
—
—
Ramsey Properties LLC
—
Deed Of Trust
related
$54,537 · Edison National Bank
—
—
Ramsey Properties LLC
—
Deed Of Trust
related
$35,000 · Sanibel Captiva Community Bank
—
—
Ramsey Properties LLC
—
Deed Of Trust
related
$185,000 · Edison National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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